April 23, 2023

Zimbabwe to introduce gold-backed digital currency

Zimbabwe will soon introduce a gold-backed digital currency meant to stabilize the local unit from its continued depreciation against the dollar.

April 21, 2023

Asante Gold shuns ‘highly conditional’ takeover proposal from shareholder Fujairah

The company said the proposal "fails to address Asante's near-term financing requirements."

April 21, 2023

Storm Mountain Diamonds finds giant pink rock in Lesotho

The 108.39ct fancy pink diamond is said to be one of the largest roughs of the colour ever found in Africa, behind the 170ct “Lulo Rose”.

April 20, 2023

Sumitomo Metals backs Teck’s split plan

The Japanese company said it will vote in favour of Teck's plan to create two separate companies next week.

April 19, 2023

Fresh blow to cobalt bulls as prices sink below $20,000

With massive stockpiles from Tenke Fungurume in the DRC released for export, cobalt prices face further pressure.

April 19, 2023

CMOC gets Congo deal to free stockpile of copper and cobalt

CMOC and its state-owned partner Gécamines reached a “consensus on the royalties issue” at the Tenke Fungurume operation.

April 19, 2023

Glencore open to better bid for Teck if split rejected

Swiss firm is willing to improve takeover bid if Teck's shareholders reject the Canadian miner's planned split.

April 18, 2023

Glencore staff bribery charges delayed until later this year

The commodity trading industry has been dogged by anti-corruption investigations for years, but few individual traders or bosses have faced prosecution.

April 18, 2023

B2Gold begins phased closure of Namibia mine

It will gradually reduce Otjikoto's open pit production until 2031, when it will cease operations completely.

April 18, 2023

Billionaire Robert Friedland comes out in defence of Teck

He warned Canada should not take lightly Glencore's attempted takeover of Teck, which has a track record of supporting local juniors.